Houlihan Lokey, Inc. (NYSE:HLI) Earns “Buy” Rating from UBS AG
Houlihan Lokey, Inc. (NYSE:HLI)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS AG in a research report issued to clients and investors on Wednesday, www.flashratings.com reports. They currently have a $42.00 price objective on the financial services provider’s stock, up from their prior price objective of $40.00. UBS AG’s target price points to a potential upside of 10.70% from the company’s previous close.
Several other equities analysts have also recently weighed in on HLI. BidaskClub cut Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Houlihan Lokey from a “sell” rating to a “hold” rating and set a $41.00 price target on the stock in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 price target on shares of Houlihan Lokey in a report on Wednesday, June 14th. JMP Securities reissued an “outperform” rating and set a $36.00 price target (up from $34.00) on shares of Houlihan Lokey in a report on Friday, April 7th. Finally, Bank of America Corporation cut Houlihan Lokey from a “buy” rating to a “neutral” rating and increased their price target for the company from $36.00 to $38.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Houlihan Lokey currently has an average rating of “Buy” and a consensus price target of $39.00.
Shares of Houlihan Lokey (NYSE HLI) traded up 2.66% during mid-day trading on Wednesday, reaching $38.95. The company had a trading volume of 333,794 shares. Houlihan Lokey has a one year low of $22.61 and a one year high of $39.68. The company has a 50 day moving average price of $35.27 and a 200 day moving average price of $33.35. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.90 and a beta of 0.30.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $217 million for the quarter, compared to analysts’ expectations of $203.21 million. Houlihan Lokey had a return on equity of 17.83% and a net margin of 12.42%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, analysts anticipate that Houlihan Lokey will post $1.95 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after buying an additional 381 shares in the last quarter. American International Group Inc. boosted its position in shares of Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock worth $259,000 after buying an additional 497 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,270 shares in the last quarter. Highbridge Capital Management LLC boosted its position in shares of Houlihan Lokey by 9.8% in the first quarter. Highbridge Capital Management LLC now owns 29,464 shares of the financial services provider’s stock worth $1,015,000 after buying an additional 2,640 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Houlihan Lokey during the first quarter worth approximately $182,000. 32.65% of the stock is currently owned by institutional investors.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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